Dogecoin price dropped to its lowest level since October 2024 on Saturday, reaching $0.13 amid a broader cryptocurrency market downturn.

Dogecoin的價格下跌至2024年10月週六以來的最低水平，在更廣泛的加密貨幣市場下滑中達到0.13美元。

Dogecoin has fallen back to November price levels of around $0.15 as it erases gains made during the U.S. election period.

Dogecoin降至11月的價格水平約為0.15美元，因為它消除了美國大選期間的收益。

The potential approval of a spot Dogecoin ETF could be a market catalyst.

斑點Dogecoin ETF的潛在認可可能是市場催化劑。

Dogecoin price dropped to its lowest level since October 2024 on Saturday as the popular memecoin faces significant selling pressure.

Dogecoin的價格下跌至2024年10月週六以來的最低水平，因為受歡迎的Memecoin面臨著巨大的銷售壓力。

This comes as 21Shares filed for an exchange-traded fund (ETF) to trade Dogecoin in the U.S.

這是21shares申請了一個交易所交易基金（ETF）在美國交易狗狗幣

Dogecoin Price Drops to November Levels

Dogecoin價格降至11月的水平

Dogecoin price has slid further as several large wallets continue to offload their tokens. Analyst Ali Martinez noted that one billion or more DOGE are held by about 31 wallets, adding that 70.5 billion memecoins are in the hands of Dogecoin whales—those holding one million or more DOGE.

隨著幾個大錢包繼續卸載其令牌，Dogecoin的價格進一步下跌。分析師阿里·馬丁內斯（Ali Martinez）指出，大約31個錢包持有10億或更多的門檻，並補充說，有705億個成年人掌握在Dogecoin鯨魚手中 - 那些拿著一百萬或更多的大門的人。

This amounts to about 47% of the entire circulating supply of the memecoin.

這相當於Memecoin的整個循環供應中約有47％。

"Dogecoin price has dropped to November price levels of around $0.15. This price level previously acted as support in March, but it remains to be seen if it will continue to hold throughout Q2."

“ Dogecoin的價格已降至11月的價格水平約為0.15美元。此價格水平先前在3月份充當支持，但是否會在整個第二季度繼續保持下去。”

Recently, there has been speculation about the possibility of the U.S. Securities and Exchange Commission (SEC) approving an ETF to trade Dogecoin in the U.S.

最近，人們猜測了美國證券交易委員會（SEC）批准ETF在美國交易Dogecoin的可能性

21Shares applied for approval to launch a Bitcoin ETF in 2023, but its application was rejected by the SEC in March 2024.

21shares申請批准在2023年推出比特幣ETF，但其申請在2024年3月被SEC拒絕。

Now, 21Shares is seeking approval to launch a Dogecoin ETF.

現在，21shares正在尋求批准來推出Dogecoin ETF。

This move positions 21Shares alongside Grayscale and Bitwise, both of whom filed applications for a U.S. spot Bitcoin ETF in Q1 2025, kicking off the race for the first U.S. spot memecoin ETF.

此舉將21shares與灰度和位置一起定位，他們倆在Q1 2025年向美國現場比特幣ETF提出了申請，從而為美國第一個現場Memecoin ETF啟動了比賽。

The news comes as crypto derivatives exchange FTX Japan announced on April 5 that it will delist all Dogecoin pairs on April 9.

該消息傳來，加密衍生品交易所FTX日本在4月5日宣布將於4月9日將所有Dogecoin對。

The move positions 21Shares alongside Grayscale and Bitwise, both of whom filed applications for a U.S. spot Bitcoin ETF in Q1 2025, kicking off the race for the first U.S. spot memecoin ETF.

這一舉動位置為21shares與灰度和位置，他們倆在2025年第1季度向美國現場比特幣ETF提交了申請，從而為美國第一個現場Memecoin ETF啟動了比賽。

Dogecoin ETF Approval Odds

Dogecoin ETF批准賠率

Current market sentiment suggests moderately positive odds for a DOGE ETF approval.

當前的市場情緒表明，Doge ETF批准中等積極的機率。

Bloomberg ETF analysts James Seyffart and Eric Balchunas estimated a 75% chance of approval back in February.

彭博ETF分析師詹姆斯·塞夫特（James Seyffart）和埃里克·巴爾庫納斯（Eric Balchunas）估計在2月份獲得了75％的批准機會。

Prediction platform Polymarket currently shows bettors pricing a 64% approval chance for a DOGE ETF in 2025.

預測平台多頭市場目前顯示，賭注在2025年為Doge ETF定價64％的批准機會。

This relatively high probability reflects growing confidence in regulatory acceptance of cryptocurrency investment vehicles.

這種相對較高的概率反映了對加密貨幣投資工具的監管接受信心的日益增強。

The potential approval of such an ETF could be a market catalyst. If approved, this might stimulate institutional demand and provide a path to price recovery for the memecoin.

這種ETF的潛在認可可能是市場催化劑。如果獲得批准，這可能會刺激機構需求，並為Memecoin提供價格恢復的途徑。

21Shares has already launched a Dogecoin Exchange-Traded Product (ETP) on the SIX Swiss Exchange (CRYPTO: SIX) under the trading symbol DOGE.

21shares已經在交易符號Doge下在六瑞士交易所（Crypto：Six）上推出了Dogecoin交換產品（ETP）。

This regulated product provides both institutional and retail investors in Switzerland, Liechtenstein, and the European Economic Area with convenient access to Dogecoin through a physically backed structure.

該受監管的產品在瑞士，列支敦士登和歐洲經濟區提供機構和零售投資者，可通過身體支持的結構方便地獲得Dogecoin。

This ETP is fully backed by underlying Dogecoin cryptocurrency, offering investors a transparent and efficient way to invest in the memecoin.

該ETP得到了基本的Dogecoin加密貨幣的完全支持，為投資者提供了一種透明，有效的方式來投資於Memecoin。

Its units will trade on the SIX Swiss Exchange as the primary listing, with additional listings planned on other European exchanges.

它的單位將以六瑞士交易所作為主要上市交易，併計劃在其他歐洲交易所上進行其他清單。

This launch marks a significant step in expanding investment opportunities in cryptocurrencies.

該發布標誌著擴大加密貨幣投資機會的重要一步。